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The Patient Protection and Affordable Care Act, commonly called the “Affordable Care Act” or “ObamaCare” was enacted four years ago and requires all US Citizens to have health insurance or pay a penalty on their tax return. The IRS was …

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps financially distressed taxpayers who can no longer provide basic needs for themselves such as housing, food and transportation. TAS also helps taxpayers resolve problems with the …

Often times a spouse, or former spouse, may receive an enormous tax assessment from the IRS and have no idea why. It might just be that the tax liability is the result of tax issues created by the other spouse …

Two prominent Phoenix businessmen were sentenced to 10 months in prison for failing to report over $8 million they controlled in Swiss bank accounts. According to trial evidence, the businessmen filed false tax returns with the IRS that failed to …

Late filing penalties are assessed by the IRS any time you file a return later than the specified deadline. And while it’s possible to have these waived if you can show “reasonable cause,” the standard you have to meet to …

Rachel Canning, a New Jersey high school senior who turned 18 late last year, apparently decided she didn’t want to live by the rules her parents insisted on and moved out of their home shortly after she turned 18. Her …

Pretty much everyone has a credit report and most are used to determine credit worthiness for various types of loans. But a surprising one in four reports contain some type of error according to a recent study done by the …